Sheryl Sandberg, Jack Dorsey Won’t Seek Re-Election to Disney Board

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday.

When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of interest between Disney and their respective companies as the lines blur between media and technology.

“Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,” read a statement issued by a Disney representative.

Their departures won’t be the only changes to the board next year. Lead independent director Orin Smith will exit because he has hit the board’s retirement age. Another board member, Robert Matschullat, will also step down having served the maximum 15-year term limit.

Two new members of the Disney board have already been designated. Oracle co-CEO Safra Catz and Illumina CEO Francis deSouza will join the board next month. Without Sandberg and Dorsey, that would bring the Disney board to 10 members.

The company’s CEO, Bob Iger, will continue to serve as chairman of the board.

More Biz

  • Wilson Cruz Trace Lysette

    Watch Variety's Facebook Live Stream of GLAAD Media Awards Nominations

    Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday. When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of […]

  • PyeongChang Winter Olympics

    To Win Olympics, NBCU Must Lure Big Crowds -- and Small Streamers

    Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday. When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of […]

  • Korean Giant to Emerge from CJ

    Korea's CJ Orders Up Merger of Media and Shopping Units

    Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday. When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of […]

  • Nicolas Winding Refn, Times Bridge Invest

    Nicolas Winding Refn, India’s Times Bridge Invest in MUBI Streaming Service

    Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday. When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of […]

  • Los Angeles Women's March

    Natalie Portman, Allison Janney, Viola Davis Join Women's March Los Angeles Lineup

    Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday. When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of […]

More From Our Brands

Access exclusive content